HVAC Systems Market Size in India to Value Worth $ 2.26 Bn between 2020 and 2024|


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The market is driven by growing demand for inverter HVAC systems. In addition, the growing preference for rental HVAC systems will be crucial in fueling the growth of the market over the forecast period. However, the rising environmental pollution and stringent government policies on HVAC systems will challenge the growth of the market participants. 

The HVAC systems market In India is segmented by product (Split AC, Window AC, and Others) and Application (Non-residential and Residential). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The HVAC systems market in India covers the following areas:

HVAC Systems Market Sizing in India 
HVAC Systems Market Forecast in India
HVAC Systems Market Analysis in India

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Companies Mentioned

  • Blue Star Ltd.
  • Daikin Industries Ltd.
  • ETA General Pvt. Ltd.
  • Ingersoll-Rand Plc
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Samsung Electronics Co. Ltd.
  • United Technologies Corp.
  • Voltas Ltd.
  • Whirlpool Corp

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HVAC Market by End-user, Type, and Geography – Forecast and Analysis 2021-2025

HVAC Valves Market by Type and Geography – Forecast and Analysis 2021-2025

HVAC Systems In India Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of almost 10%

Market growth 2020-2024

$ 2.26 billion

Market structure


YoY growth (%)


Performing market contribution

Split AC at 78%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Blue Star Ltd., Daikin Industries Ltd., ETA General Pvt. Ltd., Ingersoll-Rand Plc, LG Electronics Inc., Mitsubishi Electric Corp., Samsung Electronics Co. Ltd., United Technologies Corp., Voltas Ltd., and Whirlpool Corp

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Product
  • Market Segmentation by Application
  • Drivers, Challenges, and Trends
  • Vendor Landscape
  • Vendors covered
  • Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
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